On Thursday, September 17, Henry M. Paulson, Jr. was joined by a panel of VIPs for the launch of a landmark report that makes the economic case for valuing nature and explores innovative financing mechanisms and policies that could help close the global biodiversity financing gap.
Earth is experiencing accelerating biodiversity loss driven by humans. Climate change, also driven by human activities, is exacerbating these dramatic declines in nature. Although we will never be able to calculate the full value of nature, we know enough to realize that the destruction of nature presents profound risks to human societies. Reversing this worrying trend will require a transformational shift in the way markets, and the discipline of economics more broadly, value nature. And this shift needs to be reflected across public and private sectors as well as the general public.